Bitcoin Technical Analysis : BTC/USD 6 November 2020

6 November 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 6 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 6 November 2020

Pivot point : 15509

Our preference : as long as 15509 is support look for 16084.

Alternative scenario : below 15509, expect 15312 and 15195.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 15581 and 15099).

Supports and resistances :

16202 **
16084 *
15967
15683 – Last price
15509
15312 *
15195 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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